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18 November 2015 ASX Release‌


Unity Mining Limited ABN 61 005 674 073 Encouraging results continue from Henty exploration program


CorporateDetails: Unity Mining Limited ('Unity' or 'the Company') is pleased to provide further results from exploration drilling currently being undertaken at the Henty Gold

ASX Code: UML


Issued capital:

1,143M Ordinary Shares 2.34M Unlisted Perf. Rights 43.2M Unlisted Options

Mine, under a Farm-In Agreement with the PYBAR Group.


The exploration program continues at full pace with 3 drilling rigs currently employed in first-pass testing of a number of key target areas, the locations of which are outlined in Figure 1 below.


Substantial Shareholders:

Diversified Minerals Pty Ltd 159.1M (13.69%)


Directors:

Non-Executive Chairman: Clive Jones


Acting Managing Director: Frank Terranova


Non-Executive Directors: Ronnie Beevor

Gary Davison


Contact Details:


Unity Mining Limited Level 10

350 Collins Street Melbourne Victoria 3000 Australia


Tel: +61 (0)3 8622 2300

Fax: +61 (0)3 8622 2399


Email: Info@unitymining.com.au


Website: www.unitymining.com.au


Figure 1. Long section of Henty Gold Mine looking west, showing the location of targets currently being drilled and planned in the near future.


Recent results from the Collar Zone have confirmed a significant zone of narrow, high-grade mineralisation up-dip of the main Henty Gold Mine and in very close proximity to the surface decline.


Recent highlights from the drilling program include:


Z20084

147.8-148.9 m

1.1 m at 28.1 g/t gold

Z20082

192.3-193.8 m

1.5 m at 8.5 g/t gold

includes 192.3- 193 m;

0.7 m at 13.7 g/t gold

Z20078

212.85-213.4 m

0.55m at 13.6 g/t gold

225.1-229.6 m

4.5m at 4.1 g/t gold

Z20079

243.95-244.55

m

0.6 m at 7 g/t gold

All intervals quoted are measured down hole.


Figure 2. Long section of the Collar Zone looking west, showing all drill hole intercepts with down hole thicknesses and gold grades. Recent drill holes are highlighted in bold, historic holes are in italics.


As well as outlining a significant zone of mineralisation, preliminary interpretation in this area is beginning to indicate that the mineralisation in the Collar Zone may be of a different style and mineralogy to other parts of the Henty deposit. There are indications of a higher coarse gold component and a stronger association with silver and base metals. Detailed geological logging of drill holes in the area is indicating that the main mineralised structure is not truncated by the Henty Fault, as previously assumed, but instead runs parallel to it.


In addition to the intersections in the Collar Zone, results have been returned from holes targeting the top of the Darwin South Resource and the Deep Read. The results (listed below) indicate the presence of previously unknown high grade mineralisation in the Hanging Wall of the Darwin South ore body. Results are still coming from the Deep Read zone.



Z20109


0.10-2.00m


1.90m at 8.7 g/t gold


Includes 16.0-17.0m; 1.0m at 42 g/t gold.

This hole also returned 2.2m at 2.1 g/t gold from 224 - 226.2m in the Deep Read Zone.


15.0-17.0m


2.0m at 22.9 g/t gold

Z20106

12.8-15.6m

2.8 m at 36.5 g/t gold

Includes 14.15-14.9 m; 0.75 m at 98.4 g/t gold


Z20107


12.55-16.7m


4.15m at 6.55 g/t gold

Includes 12.55-13.0m; 0.45m at 21.9 g/t gold and 15.8-16.7m; 0.9m at 17.6 g/t gold.

This hole also returned 187-187.8; 0.8m at 4.7 g/t gold from the Deep Read Zone.

Z20105

13.25 15.2m

1.95m at 33.5 g/t gold

Includes 14.25-15.2m; 0.95m at 61.5 g/t gold.


These early results are promising, with further drilling planned to test the extensions of Darwin South in the coming weeks, especially in the Hanging wall lenses.



Figure 3. View from the Hanging wall (western) side of the Darwin South Zone. The solid shapes represent known Resources. The new drill hole intercepts are highlighted by the yellow circle. These are outside any known Resource.


Figure 4. Plan view of the Darwin South drill holes results showing the location of recent intercepts with respect to the known Resource. The blue and green outlines define unmined Hanging wall lenses. Data is projected onto the plan from 10 m above and 10 m below.


Since the third underground rig began work at Henty during October 2015, results have started to come through from the Up-dip Zone 15 target. The first hole, Z20112 suffered a mis-latch and core was lost from the mineralised zone but the second hole, Z20113, reported the following encouraging results:


Hole Z20113 93.0-93.7 m; 0.7 m at 33.2 g/t gold and 100.7-102.2 m: 1.5 m at 5.46 g/t gold.


All intervals quoted in this release are down hole. Three tables with 3D co-ordinates for all drill hole intersections, recent and relevant historical, quoted or shown on plans and sections are included below.


Figure 5. A long section, looking west, showing Zone 15 up-dip drilling with down hole thicknesses and gold assay values. Recent holes are Z20112 and Z20113, the others are historic. 3D co-ordinates, Hole ID and assays for all these holes are listed in the tables below.


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